Ability Network, a Minneapolis-based information technology company, acquired Eagan, Minn.-based healthcare payment company Secure Bill Pay.
Here are four things to know.
1. Secure Bill Pay aims to help providers facilitate patient payment through its software and apps. The company offers online bill pay apps, point of service apps and a back office app, among other offerings.
2. As part of the transaction, all Secure Bill Pay employees will become part of Ability.
3. The companies did not disclose terms of the transaction.
4. Ability Chairman and CEO Mark Pulido said of the deal, "Secure Bill Pay's healthcare payment applications together with Ability's existing revenue cycle management applications create a comprehensive offering." He added, "In bringing together Secure Bill Pay's healthcare payment tools and Ability's all-payer eligibility and claims capabilities, we will be able to provide customers with an end-to-end suite of revenue cycle management applications."